New Global Trade Rules Aim to Curb Plastic Pollution by 2028

New Global Trade Rules Aim to Curb Plastic Pollution by 2028

The HS 2028 version significantly enhances the identification of plastic products and materials by introducing new subheadings and a 'single-use' definition. This provides businesses with clearer classification standards, helping them accurately address plastic pollution challenges in global trade and facilitating the implementation of sustainable trade and circular economy policies. The updated HS Code allows for better tracking and management of plastic waste streams, supporting efforts to reduce environmental impact and promote responsible consumption and production patterns within international commerce.

Cuba Calls on WTO to Address Trade Barriers Masked As Regulations

Cuba Calls on WTO to Address Trade Barriers Masked As Regulations

Cuba proposed strengthening GATT Article V at the WTO, aiming to prevent members from imposing trade barriers based on "non-commercial reasons," restricting the free transit of goods and means of transport. The proposal emphasizes the principle of non-discrimination, calling for a clear definition of "non-commercial reasons," enhanced review mechanisms, and the establishment of dispute resolution mechanisms. The goal is to build a fairer and more transparent international trade system by addressing potential abuses of trade restrictions under the guise of non-commercial justifications.

HS 2028 Revisions Aim to Simplify Green Trade Reduce Plastic Waste

HS 2028 Revisions Aim to Simplify Green Trade Reduce Plastic Waste

The World Customs Organization (WCO) 2028 HS Code update helps governments and businesses tackle plastic pollution challenges through more precise commodity classification. The new codes focus on environmentally friendly plastics, single-use plastic products, and related items. This aims to improve trade transparency, promote a circular economy, and create new green trade opportunities for businesses. By specifically identifying and categorizing these goods, the updated HS Code facilitates better monitoring and regulation of plastic waste streams and encourages the adoption of sustainable practices in international trade.

LA Long Beach Ports Face Throughput Drop Amid Pandemic Trade Strains

LA Long Beach Ports Face Throughput Drop Amid Pandemic Trade Strains

Port throughput at Los Angeles and Long Beach continued to decline in March due to the ongoing pandemic, highlighting supply chain vulnerabilities. The Port of Los Angeles experienced a significant drop, while Long Beach showed more resilience despite the decrease. Weak retail demand further exacerbated the pressure on the ports. Experts predict a shift in consumption patterns, presenting both challenges and opportunities in the future. The ports are actively responding to ensure safety and business continuity.

02/11/2026 Logistics
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Guangzhou Port Hailead Shipping Partner to Strengthen Greater Bay Area Trade

Guangzhou Port Hailead Shipping Partner to Strengthen Greater Bay Area Trade

Guangzhou Port Co., Ltd. and HeSea Marine signed a strategic cooperation agreement to collaborate on shipping routes, supply chain logistics, and green port development. This partnership aims to promote international port and shipping cooperation, injecting new momentum into the Greater Bay Area's connectivity and regional economic and trade cooperation. Both parties will integrate resources to develop end-to-end supply chain logistics products, increase port throughput, reduce logistics costs, and boost regional economic development. The collaboration emphasizes sustainable practices and aims to create a more efficient and environmentally friendly port ecosystem.

Dejiali Group Expands Henans Belt and Road Trade in Southeast Asia

Dejiali Group Expands Henans Belt and Road Trade in Southeast Asia

Li Mingxian, Executive Chairman of the Henan Federation of Overseas Chinese Entrepreneurs and Chairman of Dejiali Group, led a delegation to Laos and Thailand. The visit aimed to strengthen connections with overseas Henan business associations, explore local markets, and promote the connection of Henan enterprises with Southeast Asian resources and project cooperation. This initiative supports Henan's "going global" strategy, integrates into the "Belt and Road" construction, and lays the groundwork for deepening cooperation.

Jebel Ali Port Fuels Middle East Trade and Global Supply Chains

Jebel Ali Port Fuels Middle East Trade and Global Supply Chains

Jebel Ali Port, a deep-water port in Dubai, UAE, ranks as the world's ninth-largest container port. It is the largest man-made harbor and the busiest port in the Middle East. With its strategic location, comprehensive service system, and world-class infrastructure, Jebel Ali Port has become a trade engine for the Middle East and a vital hub in the global supply chain. It plays a crucial role in the economy of the UAE and the world.

US and India Strengthen Trade As Trump Lifts Russian Oil Tariffs

US and India Strengthen Trade As Trump Lifts Russian Oil Tariffs

The Trump administration has eliminated the 25% tariff on Indian imports of Russian oil, marking the first implemented measure of a US-India trade agreement. In return, India has pledged to cease purchasing Russian oil, increase energy imports from the United States, and procure $500 billion worth of American goods. This initiative aims to strengthen US-India cooperation, reshape the global energy supply chain, and potentially significantly alter the trade landscape between the two countries over the next decade.

Global Air Cargo Slows Amid Trade Slump Hints at Future Growth

Global Air Cargo Slows Amid Trade Slump Hints at Future Growth

Global air cargo volumes fell 5.6% year-on-year in February 2016, the largest drop in three years. However, considering the impact of Chinese New Year and the US West Coast port congestion last year, year-to-date data shows only a slight decrease in global cargo volumes. Excess capacity and weak global trade continue to put pressure on the industry, with significant divergence in regional market performance. The Middle East saw slower growth, North America benefited from increased imports, and Europe performed moderately.